NOT LISTED FOR SALE

1153 Railton Rd Memphis, TN 38111

Orange Mound Neighborhood

Estimated Value: $134,000 - $182,000

1 Bed
1 Bath
2,114 Sq Ft
$70/Sq Ft Est. Value

Last Sold April 09, 2014

Last sale price $29,900 $14 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $880/month

46 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Eat-In Kitchen
  • Level Lot
  • 5-minute walk to Sherwood Park

About This Home

As of April 2014

Neat 2 bedrooms duplex that's perfect to live on one side and rent the other for a near break even! Perfect investment for the discerning buyer. Great news! This property is approved for HomePath Renovation Mortgage with 5% down.

Last Agent to Sell the Property

Carol Tate

Tate Realty and Construction License #56037 Listed on: 02/03/2014

Last Buyer's Agent

Henry Smith

901 Realty License #240891

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $843

Year Built

  • Built in 1967

Lot Details

  • Level Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,114 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Barron Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 059087 00056

Home Details

Home Type

Single Family

Est. Annual Taxes

$843

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Duplexes
  • Style: Traditional
  • MLS Map #: 757D
  • MAAR Subdivision Name: BARRON GROVE
  • Freestanding: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 14.14
  • Estimated Sq Ft: 2114
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Estimated Entire Duplex Sq Ft: 2000-2199

Utilities

  • Cooling: Central Cooling
  • Heating: Central
  • Hot Water: Gas

Lot Info

  • Lot Description: Level
  • Lot Number: 4
  • Lot Size: 7753

Tax Info

  • Assessor Parcel Number: 059087 00056

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2014
Closed on
Mar 31, 2014
Sold by
Fannie Mae
Bought by
Elliott Romeo
Seller's Agent
Carol Tate
Tate Realty and Construction
Buyer's Agent
Henry Smith
901 Realty
List Price
$39,500
Sold Price
$29,900
Premium/Discount to List
-$9,600
-24.3%
Current Estimated Value
$148,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,052
Avg. Annual Appreciation
15.11%

Purchase Details

Closed on
Nov 19, 2013
Sold by
Smith Shalah
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 30, 2007
Sold by
Adams John W
Bought by
Smith Shalah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,300
Interest Rate
6.1%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Elliott Romeo $34,900 None Available
Federal National Mortgage Association $46,224 Republic Title Agency Inc
Smith Shalah $66,000 Professional Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott Romeo $35,291
Previous Owner Smith Shalah $24,300
Previous Owner Smith Shalah $49,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2014 04/09/14 Sold $29,900 -24.3% $14 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $39,500 -- $19 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $843 $40,320 $3,920 $36,400
2024 $843 $24,880 $1,600 $23,280
2023 $1,516 $24,880 $1,600 $23,280
2022 $1,516 $24,880 $1,600 $23,280
2021 $1,801 $24,880 $1,600 $23,280
2020 $1,574 $21,720 $1,600 $20,120
2019 $694 $21,720 $1,600 $20,120
2018 $694 $21,720 $1,600 $20,120
2017 $711 $21,720 $1,600 $20,120
2016 $1,012 $23,160 $0 $0
2014 $1,012 $23,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Carol Tate

    Tate Realty and Construction

    (901) 458-4663

    2 in this area

    37 Total Sales

    Carol Tate
    Section Image

  • H

    Buyer's Agent in 2014

    Henry Smith

    901 Realty

    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 3289821

Memphis Area Association of REALTORS®

APN: 05-9087-0-0056

Tennessee Shelby County Memphis 38111 Orange Mound

1153 Railton Rd, Memphis, TN

This home is located at 1153 Railton Rd, Memphis, TN 38111 since 03 February 2014 and is currently estimated at $148,952, approximately $70 per square foot. This property was built in 1967. 1153 Railton Rd is a home located in Shelby County with nearby schools including Cherokee Elementary School, Sherwood Middle, and Melrose High School.

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